Chu Chenjian agreed to acquire 5% stake in Zhejiang Changsheng Sliding Bearings Co., Ltd. (SZSE:300718) from Sun Zhihua approximately for CNY 130 million on January 8, 2021. In the acquisition, Chu Chenjian will acquire 9.9 million shares at a price of CNY 13.2 per share. The transfer price must be paid within 30 natural days after the completion date of the transfer registration.